GreenRoc Mining PLC (GB:GROC) has released an update.
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GreenRoc Mining PLC has announced the subscription of 6,111,108 new shares at 1.8 pence each, raising £110,000, with significant investment from its largest shareholder, Alba Mineral Resources plc, and company directors and PDMRs. The capital raise strengthens Alba’s holding to 35.69% of GreenRoc’s issued capital, while the new shares are set to begin trading on the AIM market around 5 June 2024. This strategic move positions GreenRoc to advance its high-grade critical mineral projects in Greenland, focusing on the demand from the EV industry.
For further insights into GB:GROC stock, check out TipRanks’ Stock Analysis page.
